RE: RNS...TR112 Mar 2025 11:46
Hard to figure out exactly what's going on, it should be clear but it isn't.
Shore declared holding of 234,572,811 on 14th Jan, just after second tranche of placing shares released.
According to uog they had 124,144,735 on 31st Dec, no tr1's released for this holding, why?, so can we assume that they took 110,428,076 from 2nd tranche.
But what is really confusing is that the tr1 issued on 14th Jan said that Shore Capital DID NOT have any previous position in uog but clearly the major shareholders list says otherwise.
So is it possible that they sold all their 124,144,735 holding prior to the 2nd tranche, which if you take in the fact they declared no previous position then what happened to the 124,144,735 ??
All smoke and mirrors, really bad reporting and the nomad should be looking into it. All imo and not saying anything is fact but I have my suspicions ,dyor as well and correct me if I have gotten anything wrong, thanks.